Middle East money bound for Newcastle

LONDON: Newcastle United find themselves in a strange limbo but on Wednesday night, it seems, the takeover of the club by the Dubai-based PCP Capital Partners Middle Eastern investment fund took a significant step forward. It is a saga that had dragged on for so long, that many fans had begun to lose hope of the takeover happening at all; after all, it wouldn’t be the first time their owner Mike Ashley had prevaricated on a deal with the result that the potential buyers had drifted off.
The whole season has been played out in the shadow of the takeover. Newcastle are battling in the Premier League with a Championship squad, with Ashley understandably reluctant to invest in players for the benefit of a new owner. Even with Amanda Staveley, the financer fronting the deal, increasing her offer to a reported £300 million ($400 million) on Wednesday, though, it is unlikely any resolution will be swift and it could be late January or even February before the takeover is completed. That would be too late for the January transfer window, which could have serious consequences for the club in terms of avoiding relegation. Exactly who is backing the fund remains unclear, although it is thought the main driver is from the Arabian Gulf. Newcastle fans won’t care.
After a decade of battling Ashley and his cost-cutting and crassness, there’s a sense that almost any owner is better than the one they have. It is, of course, nothing new for Premier League clubs to be under foreign ownership. Only seven of the 20 clubs are majority-owned by British concerns.
The Premier League is increasingly a global league that happens to be hosted by England (and Wales). Newcastle will look at the last deal Staveley fronted — Sheikh Mansour’s takeover of Manchester City in 2009 — and feel a surge of optimism. Whatever dark mutterings there may have been about City buying success (as though every successful club in the past 40 years or so of English football didn’t in part owe its position to economic advantages), or Mansour’s reasons for investing in English football — it would be naïve to believe he has done it solely because he enjoys the game, or because he believes it will secure a healthy return on investment — the result has been a team playing the best football in the world at the moment.
You do not have to be a City fan to see his ownership of the club as a positive, and that is without even considering all the investment that has gone on to redevelop what had been a run-down area of east Manchester.
The general perception of the Qatari investment in PSG is rather less positive. They too have played some thrilling attacking football this season, breaking the Champions League group stage goalscoring record.
The signings of Neymar and Kylian Mbappe, though, were so brash and created such an imbalance in the squad that it was hard to interpret them as having been made for purely football reasons; rather this was a display of financial muscle, a slightly vulgar expression of soft power that, frankly, made a mockery of Financial Fair Play regulations. Everton, meanwhile, serve as a cautionary tale closer to home for Newcastle of Middle-Eastern investment and what can go wrong when money is sent without a plan.
While PSG will almost certainly win Ligue 1 and should be challengers for the Champions League, Everton, after a summer in which they spent €158 million (albeit recouping €107.4 million), found relegation such a threat they were forced to part company with Ronaldo Koeman and appoint Sam Allardyce, a step that has driven them up the table but is hardly the move of a progressive club building for an exciting future. It’s a familiar theme. Success in football is almost impossible without money but money in and of itself is not sufficient to bring success. Squads must be blended with care and attention. It has taken City eight years to get to this stage, appointing former Barcelona executives to entice Pep Guardiola and then buying him the players he needed.
Staveley’s takeover, if it goes ahead, will solve only one of Newcastle’s problems, that of Ashley. Beyond that, it’s an opportunity, and one that will increase the influence of the Middle East in European football.

Mohamed Salah sure Liverpool can handle the pressure of Premier League title tilt

Reds face Manchester United on Sunday in crouch clash.

Egyptian ace says Reds will embrace the pressure as they g in each of first top-flight title since 1990.

Updated 22 February 2019

Arab News

February 22, 2019 16:17

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LONDON: Mohamed Salah is in no doubt Liverpool can handle the pressure of the title run in, ahead of their crunch clash against arch-rivals Manchester United.
The Reds lie second in the Premier League table to Manchester City on goal difference, though with a game in hand. It was barely a month ago that they enjoyed a seven-point lead over the Abu Dhabi-owed club, but draws against Leicester and West Ham raised fears that Liverpool were starting to feel the strain of bidding for a first top-flight title since 1990.
But Salah has sought to put fans’ fears at ease, claiming the Reds are ready to embrace the pressure, starting at Anfield against familiar foe United.
“I said in November that there is pressure and it will be there until the end of the season, because when you play for the Premier League you have to accept that there is pressure,” Salah told Sky Sports.
“When you go home you can take it with you, but it can help you to work harder and focus on your game.
“At the end of the day you have a target in your mind, you have a dream, you want to win the Premier League. I even said that two years ago when I came — it is a dream to win the Premier League.”
Added to the pressure of trying to win the title is the fact that a clash against Manchester United is like nothing else the Reds come up against all season. The two teams are arch-rivals and Salah is only too aware that their North West neighbors would like nothing more than to ruin the Reds’ title charge.
The United encounter is the first of three tough fixtures in a week for Liverpool, with a midweek clash with Watford and the Merseyside derby at Goodison Park on Sunday to come — a run of games that is not lost on Salah.
“It is a very big week for us,” Salah said. “And if we win three games and are top of the table, that is huge for us. When you have three games in a week or ten days, you just need to win, win, win, then after that you have time to think.
“Even when we are not top of the league, I know how much United want to win against Liverpool and Everton the same. For me it is not a big deal. We just need to do what we have been doing for the last couple of months.”